Godrej Properties Limited Godrej One, 5 Floor ...

Godrej Properties Limited

Regd. Office: Godrej One,

5th Floor, Pirojshanagar,

Eastern Express Highway,

Vikhroli (E), Mumbai – 400 079. India

Tel.: + 91-22-6169 8500

Fax: + 91-22-6169 8888

Website: www.godrejproperties.com

CIN: L74120MH1985PLC035308

May 03, 2021

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai – 400 001

The National Stock Exchange of India Limited Exchange Plaza,

Plot No. C/1, G Block,

Bandra Kurla Complex,

Bandra (East)

Mumbai – 400 051

Ref: Godrej Properties Limited

BSE - Script Code: 533150, Scrip ID - GODREJPROP

BSE - Security Code – 959822 – Debt Segment

NSE - GODREJPROP

Sub: Investors Presentation & Press Release

Dear Sir/Madam,

Please find enclosed the Investors’ Presentation and the Press Release on the audited financial

results for the quarter and year ended March 31, 2021.

This is for your information and records.

Thank you,

Yours truly,

For Godrej Properties Limited

Surender Varma

Company Secretary & Chief Legal Officer

Encl. as above

http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=533150

http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=533150

1 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY19

R E S U LT S P R E S E N T A T I O NFOURTH QUARTER, FINANCIAL YEAR 2021


DISCLAIMER

Some of the statements in this communication may be 'forward looking statements' within the meaning of

applicable laws and regulations. Actual results might differ substantially or materially from those expressed

or implied. Important developments that could affect the Company's operations include changes in

industry structure, significant changes in political and economic environment in India and overseas, tax

laws, import duties, litigation and labor relations


AGENDA

01Overview

FY21 Highlights 02

Q4 FY21 Operational Highlights 03

Q4 FY21 Financial Highlights 04

Annexure 05


1. Godrej Group internal study

2. The Brand Trust Report 2019

3. Interbrand study done in 2019

� Established in 1897

� $5 billion in annual revenue

1� 1.1 billion people globally use a Godrej product

2� Godrej ranks amongst the most trusted Indian brands

3� $2.4 billion brand valuation by Interbrand

� Amongst India�s most diversified and trusted conglomerates

� Real estate is a key growth business for the Group

GODREJ GROUP

Godrej Industries

Godrej Consumer Products

BSE Sensex

181

147

14

20 year CAGR in stock price

` 1 invested in June 2001 is now worth

30%

29%

15%

Particulars

thNote: CAGR calculated for opening prices as of 18 June, 2001 when GCPL and GIL were demerged and publicly listed

Value Creation Track Record


GODREJ PROPERTIES

2.2, 1

2.2,1 7.3, 3Nagpur

Chennai

Kochi

Kolkata

0.5, 1Chandigarh

27.2, 15NCR

23.4, 1Ahmedabad

39.3, 28Mumbai

49.5, 14Pune

31.7, 19Bangalore

Total Saleable Area (million sq. ft.): ~187

No. of Projects: 85st(As on March 31 2021)

Legends:

� Established in 1990

� Amongst India�s largest developers by residential sales

� Successfully delivered ~22 million sq. ft. of real estate in the

past five years

� ~187 million sq. ft. of saleable area across India

� Differentiated asset-light business model

� Over 300 awards received

3.4, 2


Godrej Brand

� Amongst India�s largest developers by residential sales

� Successfully delivered ~22 million sq. ft. of real estate in the past five years

Sales and

Execution

Capability

Access to

Capital

Sustainability Leadership

� Confidence of capital markets demonstrated by sector leading stock performance since IPO

� Lowest bank funding rates in the sector

STRENGTHS

1� 1.1 billion people globally use a Godrej product

1. Based on Godrej Group* Internal Studyst2. Total saleable area under projects, irrespective of the revenue / profit / area sharing arrangement as on 31 March 2021

� GPL brings the Godrej brand�s reputation for trust, quality and corporate governance to the real estate sector

2� Added 36 projects with ~79 million sq. ft. saleable area since FY2018

� Access to Group�s land bank across India (e.g. Vikhroli)

Strong Project

Pipeline

Effective Land

Sourcing Model

� Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report

� Competitive advantage in executing joint development projects

� Capital efficient and high ROE development model

� Ranked #1 amongst listed global residential developers in the 2020 Global Real Estate Sustainability benchmark (GRESB) Assessment report

� GPL is one of the five founding members of the Sustainable Housing Leadership Consortium (SHLC), which aims to drive sustainability in India�s housing market

� GPL committed to have all its projects third-party certified as green buildings since 2010


STOCK PERFORMANCE

An investment into GPL’s IPO would be worth ~9x an identical investment into the BSE Realty Index

Value Creation Track Record

BSE Realty Index

Godrej Properties

BSE Sensex

6.12

0.69

11 year CAGR in stock price

` 1 invested in January 2010 is now worth

Particulars

9.7%

17.5%

-3.2%

2.82

th stNote: CAGR calculated for prices as on 04 January, 2010 (the date of GPL�s public listing) and 31 March 2021


AGENDAAGENDA

Overview

FY21 Highlights



Annexure 05

02


FY21 HIGHLIGHTS

� Full OC has been received for Godrej Two

� Leased 0.24 million sq. ft. at a weighted average monthly rent of INR 158 per sq. ft., despite the

lockdown and associated challenges

� Expect strong leasing in FY22 and FY23

Commercial ProjectUpdate

Sales Highlights

Capital Raising � Raised INR 3,750 crore of equity through largest ever QIP by a real estate company in India in Q4 FY21

� Raised INR 1,000 crore in Q1 FY21 through unsecured, redeemable, NCDs on a private placement basis for a term of 3 years at 7.5%, lowest rate by a residential developer in India

Business Development

Collection and Construction Highlights

� Added 4 new residential projects (2 in MMR and 2 in Bangalore) with a saleable area of ~6.0 million sq. ft.

� Highest ever annual residential collection of INR 4,389* crore in FY21, despite H1 FY21 collection #(INR 1,115 crore) being severely impacted by the lockdown

� Delivered ~6.5 million sq. ft. across 3 cities in FY21

Other Highlights� Ranked #1 amongst listed global residential developers by the Global Real Estate Sustainability

Benchmark (GRESB) in the 2020 GRESB Real Estate Assessment report

� 69 awards received in FY21

� Booking value of INR 6,725 crore for FY21, highest ever sales in a financial year by GPL

� Sales above INR 1,300 crore in each of our four focus markets of MMR, Bangalore, NCR and Pune

� 11 successful new project/phase launches

* Includes collection of INR 507 crore in FY21 from projects where GPL is the development manager

# Includes collection of INR 179 crore in H1 FY21 from projects where GPL is the development manager


HIGHEST EVER SALES BY GPL IN A FINANCIAL YEAR – BOOKING VALUE OF INR 6,725 CRORE

GPL is amongst India’s largest developers by booking value

• Total booking value in FY21 grew by 14% YoY to INR 6,725 crore

• Sales from existing inventory in FY21 stood at INR 4,550 crore

• Sales from new launches in FY21 stood at INR 2,175 crore

• Sold 9,345 homes (YoY growth of 27%) with a total area of 10.8 million sq. ft. (YoY growth of 23%) in FY21

Strong performance across all four focus markets

• Sales volume above 1.5 million sq. ft. and sales value above INR 1,300 crore achieved in all our focus markets

BANGALORE

• Registered total sales of 3.00 million sq. ft. through sale of 2,320 homes with a booking value of INR 1,344 crore

MMR


PUNE


NCR


Note: All numbers are for FY21


CAPITAL RAISING

Raised INR 3,750 crore through QIP in March 2021

� Allotted 2,58,62,068 equity shares of INR 5 each to Qualified Institutional Buyers for INR 1,450/share

� Demonstrates GPL�s ability to successfully raise capital in tough macro economic environment for the real estate sector

� The proceeds will be used to fund exciting growth opportunities ahead and the equity raise was specifically timed to take advantage of a

likely cyclical upturn in the real estate sector

� Significantly bolstered our balance sheet making GPL the only leading developer in India with a net cash balance sheet


BUSINESS DEVELOPMENT CLOSURES WERE SOFT IN FY21 AS WE ADOPTED A WAIT AND WATCH PERSPECTIVE IN H1

Added 4 new projects with ~6 million sq. ft. of saleable area and high economic interest to GPL in FY21

Projects added in FY21

ParticularsSaleable Area(million sq. ft.)

Kalyan, MMR

Sarjapur 4, Bangalore

Whitefield, Bangalore

Sanpada, MMR

Total

100% owned project

100% owned project

100% owned project with 5.4% area share to landlord

100% owned project

1.50

1.60

2.50

0.39

5.99

Business Model

Deal pipeline for FY22 is strong and we expect significant portfolio additions during the year


Godrej Two, Vikhroli

1.17 million sq.ft.

CONSTRUCTION HIGHLIGHTS

Delivered ~6.5 million sq. ft. across 3 cities in FY21

Godrej 101, NCR

0.63 million sq.ft.

Godrej Avenues, Bangalore

0.41 million sq.ft.

Godrej Platinum, Vikhroli

0.17 million sq.ft.

*Godrej Reserve is a plotted development project

Godrej Reserve*, Bangalore

1.90 million sq.ft.

Godrej United, Bangalore

0.95 million sq.ft.

Godrej Air – Phase 1, Bangalore

0.66 million sq.ft.

Godrej Icon, NCR

0.61 million sq.ft.


GLOBAL RECOGNITION FOR SUSTAINABILITY INITIATIVES

Ranked #1 globally amongst listed residential developers by GRESB (Global Real Estate Sustainability Benchmark) - An industry-driven organization which assesses Environmental, Social and Governance (ESG) performance of real assets globally

� GRESB is an industry-driven organization committed to rigorous and independent evaluation of the sustainability performance of real assets across the globe

� GRESB data is used by more than 200 institutional investors, listed property companies and fund managers and is backed by all leading international real estate associations and industry bodies. It provides investors the tools to benchmark their investments against each other based on property type, country and regional peer groups

� GRESB is widely recognized as the global standard for portfolio-level ESG reporting and benchmarking in the real estate sector

ESG BreakdownESG Breakdown

Benchmark Average 35GRESB Average 34

EnvironmentalBenchmark Average 23GRESB Average 20

SocialBenchmark Average 21GRESB Average 20

Governance4951

2426

2224

out of 12

GRESB Score within Residential / Asia

1st1stout of 17

Development Score within Residential /Listed


AWARDS AND RECOGNITIONS

GPL received 69 awards in FY21

GODREJ PROPERTIES PROJECT AWARDS

� National Brand Leader of India

Ranked Number one by Track2Realty BrandXReport 2019-2020

� Green Developer of the Year (National)

Estrade Real Estate Award 2020

� Real Estate Employer in India

Ranked Number one by Track2Realty BrandXReport 2019-2020

� Masters of Risk - Real Estate Category

7th edition of The India Risk Management Awards

� Mahatma Award, 2020

Achievement award for CSR Excellence

� CSR Leadership Awards, 2020

Best CSR Practices - World CSR Congress

� The IACC COVID Crusaders Awards 2020

For serving humanity during ongoing COVID 19 pandemic

� Godrej Greens, Pune

Design Excellence Award (Residential) - World Leadership Awards 2021

� Godrej Boulevard, Pune | Godrej 101, NCR | Godrej Nature+, NCR


Platinum Award - Apex India Foundation Safety Award

� Godrej Seven, Kolkata | Godrej Golf Links, NCR | Godrej Air, NCR

Godrej South Estate, NCR | Godrej ICON, NCR

Gold Award - Grow Care India Safety Awards 2020

� Godrej Park Greens, Pune | Godrej Rejuve, Pune | Godrej Nirvaan, MMR

Godrej Emerald, MMR

Gold Award - Apex India Foundation Safety Award

� Godrej RKS, MMR | Godrej Seven, Kolkata

Winner – Safety Excellence Category at 19th Annual Greentech Safety Award 2020

� Godrej Park Greens, Pune | Godrej Rejuve, Pune | Godrej 24, Pune

Best Facility Award Completion 2020 - CREDAI Pune Metro

ILLUSTRATIVE LIST OF AWARDS


CSR INITIATIVES - GOOD & GREEN

� As on Q4 FY21, ~90% of GPL project portfolio* is certified under credible external green rating systems such as the Indian Green Building Council (IGBC), Leadership in Energy and Environmental Design (LEED), and Green Rating for Integrated Habitat Assessment (GRIHA)

� Taj at the Trees, Vikhroli has received Platinum Pre-certification under IGBC Green New Building rating system

� Six projects have received platinum certification under LEED or IGBC till date

� We conducted Life Cycle Assessment for our newly constructed Grade A Commercial Building in order to analyze its environmental footprint

Green BuildingCertifications

Su

sta

inab

le P

rocess,

Pro

du

cts

an

d O

ffic

es

En

viro

nm

en

tal

Pro

tectio

n

� The VCS SALM Project, implemented by Godrej Properties Ltd., in the Beed district of Maharashtra, has been registered under Verified Carbon Standard, as a climate change mitigation and adaptation programme. This is the first project from India to get registered on the VCS platform and has an estimated Annual Emission Reduction of 33,764 TCO2e

� 15,750 saplings have been planted till date using the Miyawaki method at Kalai village in Gujarat

� A new project for plantation of 1,20,000 sapling (Miyawaki plantation) in Nargol, Gujarat has also been commissioned with a target of approximately 300 TCO2e of carbon sequestration

Voluntary CarbonSequestration

� In Konark, we successfully piloted an Integrated Decentralized Solid Waste Management with the government diverting a total of 466 tonnes of waste from landfill sites. The rank of Konark NAC has improved from 311 (2019) to 161 (2020) in the �Swachh Survekshan�, which is world�s largest cleanliness survey

� A new project for Integrated Decentralized Solid Waste Management has also been commissioned based on reverse tipping fee model in Bhubaneswar Municipal Corporation (BMC) with a target of 6,000 tonnes of waste diversion

Integrated Decentralized Solid Waste Management

Projects

� 66,505 workers were supported through various initiatives such as post employment counseling, access to legal aid, awareness and access to social security schemes. Of these workers 23,183 migrant workers were provided awareness and access to social security and social welfare, 3,015 workers were provided with social protection through legal support and 7,939 workers were educated on financial literacy. In excess of INR 4 crore of government funds were unlocked through social welfare schemes

Success on BOCWworker registrations

Recognition to Prior Learning Trainings

Wo

rker

En

titlem

en

ts

& E

mp

loyab

ility

� Supported workers and their family�s welfare through early childhood development centers focused on education, nutrition and health of children

� GPL has been supporting 5 creches across 3 cities since 2016 catering to more than 1,000 children throughout the year

� Trained 27,028 workers till date on construction and allied skills with the aim to positively impact their skills and earning potential

Early Childhood Development Centres

for Children ofConstruction Workers

� Our headquarters - Godrej One received Platinum Certification under IGBC Health & Well-being rating system. This is keeping with our commitment to the well-being of our employees, customers & partners

Health & WellbeingCertified Offices

*Few projects are excluded from the portfolio boundary since they have been initiated/developed before our commitment towards delivering green buildings. Also, all plotted development projects are excluded as no suitable green building certification is available for such developments.


AGENDAAGENDA

Overview

FY21 Highlights 02

Q4 FY21 Operational Highlights


Annexure 05

03


Q4 FY21 OPERATIONAL HIGHLIGHTS

Sales Highlights

Business Development

Capital Raising

� Added one new residential project in MMR with a saleable area of ~0.4 million sq. ft. in Q4 FY21

� Raised INR 3,750 crore through QIP in Q4 FY21

Collection and Construction Highlights

Godrej Two Updates

� Highest ever quarterly collection of INR 2,041* crore in Q4 FY21

� Delivered ~2.3 million sq. ft. across 2 cities in Q4 FY21

� Full OC has been received for Godrej Two

Other Highlights� Ranked #1 globally amongst listed residential developers by the Global Real Estate Sustainability

Benchmark (GRESB) in the 2020 GRESB Real Estate Assessment report

� 42 awards received in Q4 FY21

� GPL�s best ever quarter for sales - booking value stood at INR 2,632 crore

� 10% YoY growth and 77% QoQ growth in booking value

� 7 new project/phase launches across 4 cities

� Godrej Woods in Noida clocked sales of over INR 500 crore in the launch quarter, making it one of the

most successful residential launches in India in FY21

* Includes collection of INR 214 crore in Q4 FY21 from projects where GPL is the development manager


SALES HIGHLIGHTS

Strong response to new project/phase launches

Godrej Woods, NCR

• Launched in March 2021

• Total sales stood at 493,156 sq. ft. with a booking value of INR 509 crore

Godrej Green Vistas, Pune

• Launched in February 2021


Godrej Wood Park, Pune

• Launched in February 2021


Godrej Upavan, MMR

• Launched in January 2021


Godrej Parkridge, Pune



Godrej Woodland, Bangalore



Godrej Urban Park, MMR



Particulars Q4 FY21 Q4 FY20 Growth Q3 FY21 Growth FY21 FY20 Growth

Area Sold (sq. ft.) 4,176,803 16% 2,395,688 74% 23%3,610,789 10,813,774 8,799,842

Booking Value (INR Cr) 2,632 10% 1,488 77% 14%2,383 6,725 5,915


City-wise Sales Breakdown

MMR

• Registered total sales of 0.52 million sq. ft. through sale of 618 homes with a booking value of INR 545 crore

BANGALORE


PUNE

• Registered total sales of 1.02 million sq. ft. through sale of 1,066 homes with a booking value of INR 589 crore

NCR


SALES HIGHLIGHTS (Contd.)


PROJECT BOOKING

1. GPL is the development manager for the project2. Includes sale of retail portion3. Includes cancellations in certain projects

Particulars Booking Area (sq. ft.)

Residential Projects Q4 FY21

Godrej Woods, NCR

Godrej Green Vistas, Pune

Godrej Woodland, Bangalore

Godrej Upavan, MMR

Godrej Nurture/Park Greens/Forest Grove/Wood Park, Pune

Godrej RKS, MMR

1Godrej Tranquil/Nest , MMR

Godrej Boulevard/Parkridge, Pune

Godrej Urban Park, MMR

Godrej Garden City, Ahmedabad

2Godrej Seven , Kolkata

Godrej Golf Links, NCR

Godrej Royale Woods, Bangalore

Godrej Exquisite, MMR

Godrej Meridien, NCR

Godrej Aria/101, NCR

3Others

Total

Q4 FY21

Booking Value (INR Cr)

FY21 FY21

493,156

492,731

753,722

256,293

297,222

43,105

74,659

171,647

56,597

221,150

199,909

97,302

149,985

52,116

70,824

114,730

597,629

4,142,777

493,156

492,731

753,722

256,293

837,943

92,355

117,269

310,809

56,597

384,719

468,912

305,249

841,676

167,245

193,501

200,505

4,811,387

10,784,068

509

302

258

166

156

103

102

94

93

89

87

82

65

60

58

53

327

2,604

509

302

258

166

483

226

161

169

93

149

209

224

371

186

163

90

2,904

6,663


PROJECT BOOKING (Contd.)

Particulars Booking Area (sq. ft.)

Commercial Projects Q4 FY21

Godrej BKC, MMR

Godrej Eternia, Chandigarh

Godrej Genesis, Kolkata

Total

Grand Total

Q4 FY21

0

34,026

0

34,026

4,176,803

Booking Value (INR Cr)

FY21

10,463

44,088

-24,845

29,706

10,813,774

0

28

0

28

2,632

38

36

-12

62

6,725

FY21


QUARTERLY SALES TREND

(Mill

ion

sq

. ft

.)(I

NR

cr)

897

1,446

1,189

2,383

1,531

1,074

1,488

2,632

0

500

1,000

1,500

2,000

2,500

3,000

Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21

Quarterly Sales Value

1.3

2.3

1.6

3.6

2.5

1.7

2.4

4.2

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21

Quarterly Sales Volume


BUSINESS DEVELOPMENT

Added a new project with saleable area of ~0.4 million sq. ft. in Q4 FY21

Sanpada, MMR

• The project is an acquisition of land from the City and Industrial Development Corporation (CIDCO) in Sanpada, Navi Mumbai which offers

a well-developed social and civic infrastructure with reputed schools, hospitals, residential and commercial spaces in close proximity

• Spread across approximately 1.5 acres, this project will offer approximately 0.4 million sq. ft. of saleable area comprising primarily of

premium residential apartments of various configurations with a small amount of high street retail at the base of the development

• It is a 100% owned project*


• Restructured from 34% profit sharing to 100% owned project

• The remaining stake has been acquired from the JV partner

Godrej Genesis, Pune

• Restructured from 51% equity ownership in project specific company to 100% ownership

• The remaining stake has been acquired from the JV partner

• GPL’s economic interest is 58% of revenue

*It will be a CIDCO leased plot

Existing Project Update


Launch timings are dependent on receipt of regulatory approvals and can be delayed

substantially beyond initial expectations

LAUNCH TRACKER FY21

Launched On - Track Delayed New Project/Phase Added

* in million sq. ft.

New Project/Phase Added & Launched

New Project Launches Planned in FY21

Project City Status

Godrej Royale Woods

Godrej Retreat

Godrej Woods, Noida

Godrej Urban Park

Godrej Woodland

Vashi

Bagalur

Kolshet

Ashok Vihar

Ambernath

Bandra

Total

Bangalore

NCR

NCR

Mumbai

Bangalore

Mumbai

Bangalore

Mumbai

NCR

Mumbai

Mumbai

Launch Area*

1.37

1.03

0.72

0.22

0.97

0.55

1.32

0.59

0.52

1.05

1.10

9.44

New Phase Launches Planned in FY21

Project City Status

Godrej Green Cove (Hillside 3)

The Highlands, Panvel

Godrej Parkridge (Manjari 2)

Godrej Green Vistas (Hillside 4)

Godrej Wood Park

Godrej Upavan (Kalyan Phase 2)

Joka

Sector 33

Godrej Garden City, Phase 8

Sector 150

Manjari 3

Godrej Prakriti

Total

Pune

Mumbai

Pune

Pune

Pune

Mumbai

Kolkata

NCR

Ahmedabad

NCR

Pune

Kolkata

Launch Area*

0.62

0.74

0.53

0.66

0.29

0.63

0.54

0.50

0.49

0.16

0.64

0.60

6.40



Project City Status

Sector 33

Hillside 5

Hillside 6

Manjari 3

Joka Phase 2A

GGL Phase 6

Mamurdi Phase 5

Sector 43 Phase 2

Hillside 7

Manjari 4

Joka Phase 2B

Okhla Tower 1

Total

NCR

Pune

Pune

Pune

Kolkata

NCR

Pune

NCR

Pune

Pune

Kolkata

NCR

Launch Area*

0.81

0.51

0.60

0.64

0.56

0.72

0.65

0.82

0.60

0.78

0.56

0.22

7.45

Launch timings are dependent on receipt of regulatory approvals and can be delayed

substantially beyond initial expectations

LAUNCH TRACKER FY22

Launched On - Track Delayed New Project/Phase Added

* in million sq. ft.

New Project/Phase Added & Launched


Project City Status

Bagalur Phase 1

Ashok Vihar

Sarjapur 4

Kolshet

Whitefield Phase 1

Hinjawadi 1

Sanpada

Total

Bangalore

NCR

Bangalore

Mumbai

Bangalore

Pune

Mumbai

Launch Area*

0.65

0.70

0.99

0.64

1.01

0.42

0.39

4.81


CONSTRUCTION HIGHLIGHTS

Delivered ~2.3 million sq. ft. across 2 cities in Q4 FY21

Godrej United, Bangalore

0.95 million sq.ft.

DM Fee project

Godrej Platinum, Vikhroli

0.17 million sq.ft.

DM Fee project

Godrej Two, Vikhroli

1.17 million sq.ft.

Commercial Project with

50% equity stake


AWARDS AND RECOGNITIONS

GPL received 42 awards in Q4 FY21 and a total of 69 awards in FY21

GODREJ PROPERTIES

� Masters of Risk - Real Estate Category

7th edition of The India Risk Management Awards

� Mahatma Award, 2020

Achievement award for CSR Excellence

� CSR Leadership Awards, 2020

Best CSR Practices - World CSR Congress

� Godrej Greens, Pune

Design Excellence Award (Residential) - World Leadership Awards 2021

• Godrej Boulevard, Pune | Godrej 101, NCR | Godrej Nature+, NCR

Platinum Award - Apex India Foundation Safety Award

• Godrej Park Greens, Pune | Godrej Rejuve, Pune | Godrej Nirvaan, MMR

Godrej Emerald, MMR

Gold Award - Apex India Foundation Safety Award

• Godrej Air, NCR | Godrej Habitat, NCR | Godrej South Estate, NCR | Godrej ICON, NCR

Gold Award - Grow Care India Safety Awards 2020

• Godrej RKS, MMR | Godrej Seven, Kolkata

Winner – Safety Excellence Category at 19th Annual Greentech Safety Award 2020

ILLUSTRATIVE LIST OF AWARDS

PROJECT AWARDS


AGENDAAGENDA

Overview

FY21 Highlights 02


Q4 FY21 Financial Highlights

Annexure 0504


CONSOLIDATED FINANCIAL STATEMENTS – P & L

Total Income = Sales & Operating Income + Other Income + Share of profit in Joint Venture

*Adjusted EBITDA = EBITDA + interest included in cost of sale

**EBITDA = PBT + Interest + Depreciation + Share of profit in Joint Venture

PBT = PBT + share of profit in Joint Venture

Note: All Numbers as per Ind AS

Particulars Q4 FY21 Q4 FY20 % Change Q3 FY21 % Change FY21 FY20 % Change

Total Income

Profit before tax

Net Profit after tax

(INR Cr)

EBITDA**

Adjusted EBITDA*

508

-72

-79

-125

-192

1,261

321

253

192

102

-60%

-122%

-131%

-165%

-287%

66%

-175%

-197%

-498%

-1,435%

1,217

150

119

-86

-189

2,829

903

733

493

271

-57%

-83%

-84%

-117%

-170%

306

96

81

31

14

Profit in Q4 FY21 was negative due to the following one time accounting charges:

• The company has decided to adopt the new tax rate under Section 115BAA of the Income Tax Act, 1961 and recognized the provision for income tax on the basis of the prescribed rate and re-measured its deferred tax assets/liabilities accordingly for FY21. Tax expenses includes impact of one-time remeasurement of deferred tax assets (INR 81 crore for Q4 FY21) to the new tax rate

• The company has created provision under Employee Benefit Expenses for its 5 year Long Term Incentive scheme (INR 121 crore) which is payable to certain employees in FY23 and FY24, on prudence basis based upon reasonable likelihood of certain specific parameters being met

• Further, the Company has taken inventory write down of ~INR 76 cr for legacy projects (Godrej Prakriti, Godrej Palm Grove, Godrej Alpine, Godrej Azure, Godrej Genesis..)

• Excluding these one-off items, Adjusted EBITDA would be INR 125 crore, EBITDA would be INR 118 crore, PBT would be INR 72 crore and PAT would be INR 37 crore for Q4


CONSOLIDATED FINANCIAL STATEMENTS - CASHFLOW(INR Cr)

FY21Notes Particulars

Operating cashflow

Total operating cash inflow

A Operating cash outflow

Construction and related outflow

Other project related outflow

Total operating cash outflow

Net operating cashflow

Financial cashflow

QIP Inflow (net of issue expenses)

B Interest and corporate taxes

Net financial cashflow

Capital cashflow

Land & approval related outflowC Advance to JV partners and others

Net capital cashflow

D Adjustment for JV projects

(A+B+C+D) Total net GPL cashflow

E Other Ind AS Adjustments

(A+B+C+D+E) (Increase)/Decrease in Net Debt under Ind AS

4,367

(1,942)

(1,532)

(3,475)

893

3,697

(407)

3,290

(1,904)

(174)

(2,078)

(355)

1,750

(9)

1,740

Q4 FY21

2,006

(748)

(473)

(1,221)

785

3,697

(99)

3,598

(458)

(25)

(483)

(256)

3,644

15

3,659


CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr)

Sr. No Particulars As on 31.03.2021 As on 31.03.2020

A Assets Audited Audited

1 Non Current assets

a

b

e

f

h

i

j

2

a

b

c

g

d

k

101.51

27.83

229.25

23.17

0.04

21.94

0.10

824.24

698.93

71.71

29.00

753.01

291.62

68.58

33.21

3,174.14

4,801.41

3,719.39

238.35

268.71

404.54

2,437.37

792.22

411.53

13,073.52

16,247.66

Property, plant & equipment

Right-of-Use Asset

Investment Property

Goodwill on consolidation

Other intangible assets

Intangible assets under development

Equity accounted investees

Financial assets

Other Investments

Loans

Other non � current financial assets

Deferred tax assets (net)

Income tax assets (net)

Other non-current non-financial assets

Total non-current assets

Current assets

Inventories

Financial assets

Investments

Trade receivables

Cash and cash equivalents

Bank balances other than above

Loans

Other current financial assets

Other current non-financial assets

Total current assets

Total Assets

l

c Capital Work-in-Progress

77.89

3.76

160.86

9.79

0.04

21.48

2.05

822.75

686.68

89.83

26.33

3.21

348.58

154.78

37.56

2,445.59

2,125.31

2,061.57

432.75

146.87

360.11

1,602.53

491.75

423.67

7,644.56

10,090.15

Trade Receivables


Sr. No

B

1

a

b

c

2

2.1

a

b

c

2.2

a

b

c

d

Particulars

Equity and Liabilities

Equity

Equity share capital

Other equity

Non-controlling interest

Total Equity

Liabilities

Non Current Liabilities

Financial liabilities

Borrowings

Lease Liabilities

Other Non - Current Financial Liabilities

Deferred tax liabilities (Net)

Provisions

Total Non-Current Liabilities

Current Liabilities

Financial liabilities

Borrowings

Lease Liabilities

Trade payables

Total Outstanding Dues of Micro Enterprises and Small Enterprises

Total Outstanding Dues of Creditors other than Micro Enterprises and Small Enterprises

Other Current Financial Liabilities

Other Current Non Financial Liabilities

Provisions

Current Tax Liabilities (Net)

Total Current Liabilities

Total Liabilities

Total Equity and Liabilities

138.97

8,180.52

-

8,319.49

1,000.00

21.79

121.11

1.03

14.95

1,158.88

3,513.12

7.49

21.57

1,880.13

397.64

905.39

33.19

10.76

6,769.29

7,928.17

16,247.66

As on 31.03.2021

Audited

As on 31.03.2020

Audited

(INR Cr)

126.01

4,681.78

-

4,807.79

0.00

1.15

-

0.40

12.80

14.35

3,210.08

3.53

13.31

706.38

888.88

385.31

23.15

37.37

5,268.01

5,282.36

10,090.15

CONSOLIDATED FINANCIAL STATEMENTS - BS


FINANCIAL ANALYSIS

Leverage Indicators

Profitability Indicators

*Adjusted EBITDA = EBITDA + interest included in cost of sale**EBITDA = PBT + Interest + Depreciation + Share of profit in Joint Venture#Net profit after minority interest

Particulars As on 31st December 2020 As on 31st March 2020

Net Debt (INR Cr)

Networth (INR Cr)

Net Debt / Equity Ratio

Average Borrowing Cost (YTD)

3,077

4,811

0.64

7.25%

Note: All Numbers as per Ind AS

1,159

4,808

0.24

7.85%

Particulars Q4 FY2021 Q4 FY2020 Q3 FY2021 FY2021 FY2020

PBT Margin %

Net Profit Margin %#

Adjusted EBITDA / Total Income*

EBITDA / Total Income**

31.9%

25.9%

17.4%

9.6%

25.5%

20.1%

15.2%

8.1%

31.4%

26.6%

10.3%

4.7%

-14.2%

-15.5%

-24.6%

-37.7%

12.3%

9.8%

-7.0%

-15.6%

-582

8,320

-0.07

6.75%

As on 31st March 2021


AGENDAAGENDA

Overview

FY21 Highlights 02



Annexure 05


A. RESIDENTIAL PROJECTS

* Primarily a residential project with a portion of commercial saleable area.

Sr. No. Project Name LocationAsset Class

Est. Saleable Area

(mn sq. ft.)

Ind ASClassification

Business Model Status

1 Godrej Garden City* Ahmedabad Residential 14.80 Own Phase I to IV: Area Based - 73.6% Phase V: Revenue Based - 67.6% Phase VI: onwards - 17% of Revenue

Ongoing

2 Devanahalli 1 Bangalore Residential 5.00 JV Profit Sharing - 50% Forthcoming

3 Godrej Woodland Bangalore Residential 1.77 Own 100% owned project Ongoing

4 Godrej ECity Bangalore Residential 0.10 DM DM Fee - 11% of Revenue Ongoing

5 Godrej United Bangalore Residential 0.05 DM DM Fee - 11% of Revenue Ongoing

6 Godrej Reflections Bangalore Residential 0.97 JV GPL holds 20% equity in the project specific company Ongoing

7 Godrej Eternity Bangalore Residential 0.62 JV GPL holds 25.1% equity in the project specific company Ongoing

8 Godrej Air Bangalore Residential 0.16 JV Profit Sharing - 50% Ongoing

9 Tumkur Road Bangalore Residential 0.79 Own Revenue Based - 78% Forthcoming

10 Godrej Avenues Bangalore Residential 0.36 Own 100% owned project Ongoing

11 Godrej Platinum Bangalore Residential 0.02 Own 100% owned project Ongoing

12 Godrej Aqua Bangalore Residential 0.78 Own Area Based - 90% Ongoing

13 Godrej 24 Bangalore Residential 4.70 DM DM Fee - 11% of Revenue Ongoing

14 Godrej Royale Woods Bangalore Residential 1.57 JV Profit Sharing - 55% (for 87.3% of area)

15 Godrej Reserve Bangalore Residential 0.08 JV Profit Sharing - 21.7% Ongoing

16 Godrej Nurture Bangalore Residential 1.36 JV Profit Sharing - 50% Ongoing

17 Bagalur Bangalore Residential 3.00 JV DM - 4.5% of Revenue & Profit Sharing - 49% Forthcoming

Ongoing



Sr. No.

Project Name

Location

Asset Class

Est. Saleable Area

(mn sq. ft.)

Ind ASClassification

Business Model

Status

Godrej Palm Grove

Chennai

Residential

1.79

Own

Area Based - 70% (for 12.57 acres), 68% (for 4.82 acres)

Ongoing

20

Godrej Azure

Chennai

Residential

0.70

JV

Profit Sharing - 37%

Ongoing

21

Godrej Summit

Gurgaon

Residential

0.05

Own

Ongoing

22

Godrej Aria

Gurgaon

Residential

0.04

JV Revenue Based -

65% (GPL owns 25.1% of equity in the project specific company)

Ongoing

Godrej 101

Gurgaon

Residential

0.10

JV Revenue Based -

65% (GPL owns 25.1% of equity in the project specific company)

Ongoing

23(A)

Godrej Oasis

Gurgaon

Residential

0.03

JV

Profit Sharing -

38%

Ongoing

23(B)

Godrej Icon

Gurgaon

Residential

0.16

JV

Profit Sharing -

38%

Ongoing

24(A)

Godrej Nature+

Gurgaon

Residential

1.70

JV

Profit Sharing -

40%

Ongoing

25

Godrej Air

Residential

1.00

JV

Profit Sharing -

37.5%

Ongoing

26

Godrej Meridien

Gurgaon

Residential

1.52

JV

GPL owns 20% equity in project specific company

Ongoing

27

Godrej Habitat

Gurgaon

Residential

0.77

Own

Revenue Sharing -

95%

Ongoing

28

Kochi Project

Kochi

2.24

Own

Revenue Based -

70%

Forthcoming

29

Godrej Seven

Kolkata

Residential

3.00

JV

Profit Sharing -

46%

Ongoing

30

Godrej Prakriti

Kolkata

Residential

0.60

Own

100% Owned Project

Ongoing

31

Godrej Platinum Mumbai Residential 0.01 DM DM Fee - 10% of Revenue Ongoing

33

Godrej Emerald

Mumbai Residential

1.35

JV Revenue Based -

64% (GPL holds 20% equity in the project specific company)

Ongoing

Residential

Area Based - 65%

18

19

Sarjapur 4

Whitefield

Residential

Residential

1.60

2.50

Own

Own

100% owned project

100% owned project, 5.4% area share to landlord

Forthcoming

Forthcoming

24(B)

32

Bangalore

Bangalore



1 Includes a portion of area to be retained by JV partner

Sr. No. Project Name Location Asset Class

Est. Saleable Area

(mn sq. ft.)

Ind AS Classification


34 Godrej Park Mumbai Residential 0.77 Own Revenue Based – 56.5% Forthcoming

35 Godrej Vihaa Mumbai Res idential 1.30 DM DM Fee – 10% of Revenue Ongoing

36 Godrej City Mumbai Residential 8.20 JV Profit Based - 35% with upside promote to JV partner above Rs.1,000 GPL PBT per sq.ft.

Ongoing

37 The Trees Mumbai Mixed Use 0.04 Own 100% owned project Ongoing

38 G&B, Vikhroli Mumbai Residential 0.80 DM DM Fee - 10% of Revenue Forthcoming

39 G&B, Vikhroli Mumbai Mixed Use 1.20 DM DM Fee - 10% of Revenue Forthcoming

40 Godrej Sky¹ Mumbai Residential 0.30 DM DM Fee Rs 50 cr, with upside promote to GPL above certain price threshold

Ongoing

41 G&B Lawkim, Thane Mumbai Residential 0.27 JV Profit Based – 32% Forthcoming

42 Godrej Links Mumbai Residential 0.19 Own GPL to construct space for society in lieu of saleable area Forthcoming

43 Godrej Tranquil Mumbai Residential 0.91 DM DM Fee - 11% of Revenue Ongoing

44 Sundar Sangam Mumbai Residential 0.10 Own GPL to construct space for society in lieu of saleable area Forthcoming

45 Godrej Edenwoods Mumbai Residential 0.03 JV Profit Based - 50% (from 85% of revenue for this project) Ongoing

46 Godrej Alive Mumbai Residential 2.10 DM DM Fee - 10% of Revenue Ongoing

47 Bandra Mumbai Residential 1.10 Own Revenue Based - 60% Forthcoming

48 Vashi Mumbai Residential 0.50 JV Profit Sharing - 50% Forthcoming

49 Godrej Exquisite Mumbai Residential 0.70 JV GPL holds 20% equity in the project specific company Ongoing

50 Godrej RKS Mumbai Mixed Use 0.38 Own 100% owned project Ongoing




Est. Saleable Area

(mn sq. ft.)



51 Godrej Nirvaan Mumbai Residential 2.42 JV Profit Share - 50% Ongoing

52 Taloja Mumbai 7.50 JV Profit Share - 55% Forthcoming

53 Ambernath Mumbai Residential 1.10 JV Profit Share - 47% Forthcoming

54 Thane Mumbai Residential 1.10 Own 100% owned project Forthcoming

55 Godrej Urban Park Mumbai Residential 0.45 Own 100% owned project Ongoing

56

Worli

Mumbai

Residential

1.17

JV

Profit Share -

50%

Forthcoming

58

59

Kalyan

Sanpada

Mumbai

Mumbai

Residential

Residential

1.50

0.39

Own

Own

Forthcoming

Forthcoming

60 Godrej Anandam Nagpur Residential 2.17 Own PMC Fee Rs 400/sq. ft. for 7.7 lac sq. ft. Revenue Based agreement for remaining area : First 1 million sq. ft. 62% (GPL) & next 1 million sq. ft. 57% (GPL)

Ongoing

61 Godrej South Estate NCR Residential 1.01 JV Profit Share - 58% Ongoing

62

63

Ashok Vihar

Godrej Retreat

NCR

NCR

Residential

Residential

3.28

1.03

Own

Own

100% owned project

100% owned project

Forthcoming

64 Godrej Nest Noida Residential 2.20 DM DM Fee - 11% of Revenue Ongoing

Ongoing

65 Godrej Palm Retreat Noida Residential 1.82 DM DM Fee - 13% of Revenue Ongoing

66 Godrej Golf Links Residential 4.70 JV Profit Share - 40% Ongoing

67 Godrej Woods Noida Residential 2.40 JV Profit Sharing - 49% Ongoing

68 Bhugaon Township Pune Residential 9.44 JV Share in project specific company 11.09%, Development manager fee Rs 162/sq. ft., Profit sharing if profits exceed certain threshold

Forthcoming

57

Matunga Mumbai Residential 0.17 Own

Revenue Sharing - 89% Forthcoming

100% owned project

100% owned project

Residential




Est. Saleable Area

(mn sq. ft.)



69 Godrej Infinity Pune Residential 2.79 JV Profit Sharing - 35% Ongoing

71

70

Godrej 24 Pune 0.49 JV Revenue Based 96% (GPL owns 49% equity in project specific company)

Ongoing

72

Godrej Greens Pune Residential 1.05 JV Profit Sharing - 40% Ongoing

73

Bavdhan Pune Residential 0.56 JV Profit Sharing - 45% Forthcoming

74

Godrej Central Park Pune Residential 3.60 JV DM - 11% of Revenue & Profit Sharing - 26% Ongoing

75

Hinjawadi Pune Residential 10.20 JV

DM - 12.5% of Revenue & Profit Sharing - 50% at Portfolio level

Forthcoming

76

Manjari Pune Residential 4.06 JV Ongoing

77

Kalyani Nagar Pune Residential 0.50 JV

78

Mahalunge Pune Residential 5.80 JV Ongoing

79

Ahire Pune Residential 2.90 JV Forthcoming

Wagholi Pune Residential 1.70 JV

Residential

Forthcoming

Forthcoming


B. COMMERCIAL PROJECTS

*Primarily a residential project with a portion of commercial saleable area


Est. Saleable Area



1 Godrej Garden City* Ahmedabad Residential 2.40 Own Phase I to IV: Area Based 73.6% Phase V : Revenue Based - 67.6% Phase VI : onwards - 17% of Revenue

Ongoing

2

Godrej Eternia Chandigarh Commercial 0.35 Own Revenue Based 54% Ongoing3

5(A) Godrej Two* Mumbai Commercial 1.16 JV GPL holds 50% equity in project specific company Ongoing

5(B) The Trees Hotel & Retail*

Mumbai Mixed Used 0.34 Own 100% owned project Ongoing

6 Bhugaon Township* Pune Residential 2.36 JV Share in project specific company 11.09%, Development manager fee INR.162/sq. ft., Profit sharing if profits exceed certain threshold

Forthcoming

7 Godrej Genesis Pune Commercial 0.48 Own Revenue Based - 58% Forthcoming

9

8

Golf Course Road

Koregaon Park

Gurgaon

Pune

Commercial

Commercial

1.00

1.03

JV

JV

GPL owns 12% of equity in project specific company

GPL owns 20% of equity in project specific company

Forthcoming

Forthcoming

(mn sq. ft.)

Hebbal Bangalore Commercial 0.67 JV GPL owns 20% equity in project specific company Forthcoming

-

Godrej Genesis Kolkata Commercial 0.13 Own Area Based – 62% Ongoing4

42 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY2138 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY19

THANK YOU

Rajendra Khetawat


Tel: +91 22 6169 8500

Fax: +91 22 6169 8888

Email: [email protected]

For further information, please contact:

PRESS RELEASE

Consolidated Financials for Q4 FY21 Results

GPL’s best ever quarter for sales - booking value stood at INR 2,632 crore in Q4

FY21 representing QoQ growth of 77%

Booking value of INR 6,725 crore for FY21, highest ever sales in a financial year

by GPL

Sales above INR 1,300 crore in each of our four focus markets of MMR,

Bangalore, NCR and Pune

Highest ever annual residential collection of INR 4,389 crore in FY21 with INR

2,041 crore collection in Q4 FY21

Net profit stood at INR (192) crore and INR (189) crore in Q4 FY21 and FY21,

respectively due to three one-time charges to the P&L in Q4

Mumbai, May 03, 2021: Godrej Properties Limited (GPL), a leading national real estate

developer, announced its financial results for the third quarter ended March 31, 2021.

CORPORATE HIGHLIGHTS:

Sales Highlights

Q4 FY21 witnessed total booking value growth of 10% YoY and 77% QoQ to INR 2,632

crore and total booking volume growth of 16% YoY to 4.18 million sq. ft.

We launched seven new projects across 4 cities in Q4 FY21

FY21 witnessed a total booking value of INR 6,725 crore and total booking volume of

10.81 million sq. ft. representing a growth of 14% in booking value and 23% in booking

volume

GODREJ PROPERTIES LIMITED

CIN : L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express

Highway, Mumbai – 400079

Other Highlights

Highest ever quarterly collection of INR 2,041 crore leading to net operating cash flow

of INR 785 crore in Q4 FY21

Delivered ~2.3 million sq. ft. in three projects in Q4 FY21

GPL received 42 awards in Q4 FY21 and a total of 69 awards in FY21

Commenting on the performance of Q4 FY2021, Mr. Pirojsha Godrej, Executive

Chairman, Godrej Properties Limited, said:

“Our primary focus at the moment is to ensure the safety and wellbeing of our workforce and

to do anything we can to assist the country’s response to this crisis. While the real estate

sector like all parts of the economy has been impacted by the second wave, we expect the

sector will continue the robust recovery it was witnessing once this crisis abates. In Q4, we

are pleased to have delivered our best ever quarterly performance in terms of the value of real

estate sold and cash collections generated from our customers. We also successfully

concluded the largest ever QIP by a real estate company in India raising INR 3,750 crore.

Given our robust launch pipeline, strong balance sheet, and interesting new project acquisition

opportunities, we expect a strong FY22.”

Financial Overview (Consolidated)

Q4 FY21 performance overview compared with Q4 FY20

Total Income stood at INR 508 crore as compared to INR 1,261 crore

EBITDA stood at INR (79) crore as compared to INR 253 crore

Net Profit stood at INR (192) crore as compared to INR 102 crore

EPS# amounted to INR (7.47) as compared to INR 4.06

FY2021 performance overview compared with FY2020

Total Income stood at INR 1,217 crore as compared to INR 2,829 crore

EBITDA stood at INR 119 crore as compared to INR 733 crore

Net Profit stood at INR (189) crore as compared to INR 271 crore

EPS amounted to INR (7.48) as compared to INR 10.97 #not annualised

--ENDS--

About Godrej Properties Limited:

About Godrej Properties Limited Godrej Properties brings the Godrej Group

philosophy of innovation, sustainability, and excellence to the real estate industry.

Each Godrej Properties development combines a 124–year legacy of excellence and

trust with a commitment to cutting edge design, technology, and sustainability.

In recent years, Godrej Properties has received over 250 awards and recognitions,

including being ranked #1 globally amongst listed residential developers by the Global

Real Estate Sustainability Benchmark (GRESB) 2020, the Porter Prize 2019, The Most

Trusted Real Estate Brand in the 2019 Brand Trust Report, Builder of the Year at the

CNBC-Awaaz Real Estate Awards 2019, and The Economic Times Best Real Estate

Brand 2018.

For further information please contact: Rajendra Khetawat


Tel: +91 22 6169 8500

Fax: +91 22 6169 8888

Email: [email protected]

DISCLAIMER:

Some of the statements in this communication may be ‘forward looking statements’ within the

meaning of applicable laws and regulations. Actual results might differ substantially from those

expressed or implied. Important developments that could affect the Company’s operations

include changes in the industry structure, significant changes in political and economic

environment in India and overseas, tax laws, import duties, litigation and labour relations.

Anoop Poojari

CDR India

Tel: +91 22 6645 1211

Fax: +91 22 6645 1213

Email: [email protected]/

Godrej Properties Limited Godrej One, 5 Floor ...

Documents

Transcript of Godrej Properties Limited Godrej One, 5 Floor ...